Carrier Fire & Security EMEA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Carrier Fire & Security EMEA
NACE 26.510, Manufacture of computer, electronic and optical products
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€3.4m
2022 · -€4.4m+€7.8m
Equity
€69.3m
2022 · €65.8m+€3.4m
Cash
€127,050
2022 · €638+€126,412
Balance sheet total
€77.6m
2022 · €73.7m+€3.9m
Largest movements
Assets
- Receivables within one year +€8.0m
up €8.0m (+14.0%), from €56.9m to €64.8m
of which Other amounts receivable: +€31.0m
- Intangible fixed assets -€4.1m
down €4.1m (-25.9%), from €15.7m to €11.7m
Equity and liabilities
- Profit (loss) carried forward +€3.4m
up €3.4m (+3.2%), from -€107.4m to -€104.0m
- Trade debts +€797,660
up €797,660 (+25.4%), from €3.1m to €3.9m
Income statement
- Other operating income +€5.9m
up €5.9m (+16.9%), from €34.7m to €40.6m
- Depreciation -€3.1m
down €3.1m (-41.7%), from €7.3m to €4.3m
- Staff costs +€1.2m
up €1.2m (+12.1%), from €10.1m to €11.3m
- Services and other goods +€1.2m
up €1.2m (+4.5%), from €25.7m to €26.8m
- Financial income +€937,811
up €937,811 (+298%), from €314,724 to €1.3m
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2022
-€4.4m
Turnover
-€299,037
Other operating income
+€5.9m
Goods and materials
+€706,694
Services and other goods
-€1.2m
Staff costs
-€1.2m
Depreciation
+€3.1m
Write-downs
-€34,035
Other operating charges
+€110,010
Other operating items
+€6,778
Financial income
+€937,811
Financial charges
+€393,821
Taxes
-€559,010
Result 2023
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€162,802
Investment
-€36,390
Financing
€0
Cash 2022
€638
From operations (derived)
+€162,802
Net result for the year
+€3.4m
Depreciation
+€4.3m
Stocks and contracts
+€5,505
Receivables within one year
-€8.0m
Deferred charges and accrued income
-€75,212
Trade debts
+€797,660
Tax, wage and social debts
+€44,825
Accrued charges and deferred income
-€337,209
Investment (derived)
-€36,390
Investment in fixed assets (net)
-€36,390
Cash 2023
€127,050
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,710,952 | €77,648,630 | +€3.9m | +5.3% |
| Fixed assets | 21/28 | €16,555,188 | €12,317,164 | -€4.2m | -25.6% |
| Intangible fixed assets | 21 | €15,738,395 | €11,665,485 | -€4.1m | -25.9% |
| Tangible fixed assets | 22/27 | €790,993 | €625,879 | -€165,114 | -20.9% |
| Plant, machinery and equipment | 23 | €757,586 | €567,525 | -€190,061 | -25.1% |
| Furniture and vehicles | 24 | €23,068 | €43,019 | +€19,951 | +86.5% |
| Assets under construction and advance payments | 27 | €10,339 | €15,335 | +€4,996 | +48.3% |
| Financial fixed assets | 28 | €25,800 | €25,800 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €7,800 | €7,800 | = | 0.0% |
| Participating interests | 282 | €7,800 | €7,800 | = | 0.0% |
| Other financial fixed assets | 284/8 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €57,155,763 | €65,331,465 | +€8.2m | +14.3% |
| Stocks and contracts in progress | 3 | €74,342 | €68,838 | -€5,505 | -7.4% |
| Stocks | 30/36 | €74,342 | €68,838 | -€5,505 | -7.4% |
| Work in progress | 32 | €10,819 | €11,893 | +€1,073 | +9.9% |
| Goods purchased for resale | 34 | €63,523 | €56,945 | -€6,578 | -10.4% |
| Amounts receivable within one year | 40/41 | €56,863,895 | €64,843,478 | +€8.0m | +14.0% |
| Trade receivables | 40 | €45,358,085 | €22,302,576 | -€23.1m | -50.8% |
| Other amounts receivable | 41 | €11,505,810 | €42,540,901 | +€31.0m | +270% |
| Cash at bank and in hand | 54/58 | €638 | €127,050 | +€126,412 | +19,821% |
| Deferred charges and accrued income | 490/1 | €216,889 | €292,101 | +€75,212 | +34.7% |
| Total equity and liabilities | 10/49 | €73,710,952 | €77,648,630 | +€3.9m | +5.3% |
| Equity | 10/15 | €65,847,992 | €69,280,394 | +€3.4m | +5.2% |
| Contributions | 10/11 | €173,262,000 | €173,262,000 | = | 0.0% |
| Reserves | 13 | €12,149 | €12,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,949 | €5,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,426,157 | -€103,993,756 | +€3.4m | +3.2% |
| Amounts payable | 17/49 | €7,862,960 | €8,368,236 | +€505,276 | +6.4% |
| Amounts payable within one year | 42/48 | €6,377,400 | €7,219,885 | +€842,486 | +13.2% |
| Trade debts | 44 | €3,139,108 | €3,936,768 | +€797,660 | +25.4% |
| Suppliers | 440/4 | €3,139,108 | €3,936,768 | +€797,660 | +25.4% |
| Taxes, remuneration and social security | 45 | €3,238,292 | €3,283,117 | +€44,825 | +1.4% |
| Taxes | 450/3 | €465,919 | €998,081 | +€532,162 | +114% |
| Remuneration and social security | 454/9 | €2,772,373 | €2,285,036 | -€487,336 | -17.6% |
| Accrued charges and deferred income | 492/3 | €1,485,560 | €1,148,351 | -€337,209 | -22.7% |
| Operating income | 70/76A | €46,202,470 | €51,790,500 | +€5.6m | +12.1% |
| Turnover | 70 | €11,467,352 | €11,168,315 | -€299,037 | -2.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,705 | €1,073 | +€6,778 | |
| Other operating income | 74 | €34,740,823 | €40,621,112 | +€5.9m | +16.9% |
| Operating charges | 60/66A | €50,407,053 | €48,944,383 | -€1.5m | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €7,181,526 | €6,474,831 | -€706,694 | -9.8% |
| Purchases | 600/8 | €7,185,975 | €6,468,253 | -€717,722 | -10.0% |
| Change in stocks: decrease (increase) | 609 | -€4,449 | €6,578 | +€11,027 | |
| Services and other goods | 61 | €25,673,152 | €26,836,156 | +€1.2m | +4.5% |
| Remuneration, social security and pensions | 62 | €10,071,640 | €11,290,199 | +€1.2m | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,335,979 | €4,274,414 | -€3.1m | -41.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,285 | €11,750 | +€34,035 | |
| Other operating charges | 640/8 | €167,042 | €57,033 | -€110,010 | -65.9% |
| Operating profit (loss) | 9901 | -€4,204,584 | €2,846,117 | +€7.1m | |
| Financial income | 75/76B | €314,724 | €1,252,536 | +€937,811 | +298% |
| Recurring financial income | 75 | €314,724 | €1,252,536 | +€937,811 | +298% |
| Other financial income | 752/9 | €314,724 | €1,252,536 | +€937,811 | +298% |
| Financial charges | 65/66B | €481,760 | €87,939 | -€393,821 | -81.7% |
| Recurring financial charges | 65 | €481,760 | €87,939 | -€393,821 | -81.7% |
| Debt charges | 650 | €0 | €20,799 | +€20,799 | |
| Other financial charges | 652/9 | €481,760 | €67,139 | -€414,621 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,371,619 | €4,010,714 | +€8.4m | |
| Income taxes | 67/77 | €19,302 | €578,312 | +€559,010 | +2,896% |
| Taxes | 670/3 | €19,302 | €578,312 | +€559,010 | +2,896% |
| Profit (loss) for the period | 9904 | -€4,390,921 | €3,432,402 | +€7.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,390,921 | €3,432,402 | +€7.8m |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.